Elm Ridge Management, LLC Top Holdings and 13F Report (2024)

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About Elm Ridge Management, LLC

Investment Activity

Elm Ridge Management, LLC has $88.80 million in total holdings as of March 31, 2024.
Elm Ridge Management, LLC owns shares of 27 different stocks, but just 17 companies or ETFs make up 80% of its holdings.
Approximately 2.50% of the portfolio was purchased this quarter.
About 11.58% of the portfolio was sold this quarter.
This quarter, Elm Ridge Management, LLC has purchased 25 new stocks and bought additional shares in 5 stocks.
Elm Ridge Management, LLC sold shares of 10 stocks and completely divested from 1 stock this quarter.

Largest Holdings

AerCap: $6,253,522
Sylvamo: $5,838,258
Citigroup: $5,813,337
OneMain: $5,608,456
LyondellBasell Industries: $5,349,244

Largest New Holdings this Quarter

NETGEAR: $259,890 Holding
Hamilton Lane: $58,000 Holding
iShares Semiconductor ETF: $18,900 Holding

Largest Purchases this Quarter

Magnolia Oil & Gas: 23,256 shares (about $603.49K)
Dana: 42,636 shares (about $541.48K)
EQT: 13,173 shares (about $488.32K)
NETGEAR: 16,480 shares (about $259.89K)
Newell Brands: 31,180 shares (about $250.38K)

Largest Sales this Quarter

AerCap: 14,954 shares (about $1.30M)
ArcBest: 7,703 shares (about $1.10M)
Valaris: 13,509 shares (about $1.02M)
Devon Energy: 16,471 shares (about $826.51K)
Antero Resources: 18,367 shares (about $532.64K)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
AER AerCap	$6,253,522	$1,299,652 ▼	-17.2%	71,954	7.0%	Finance
SLVM Sylvamo	$5,838,258	$242,330 ▼	-4.0%	94,562	6.6%	Basic Materials
C Citigroup	$5,813,337		0.0%	91,925	6.5%	Finance
OMF OneMain	$5,608,456	$562 ▲	0.0%	109,776	6.3%	Finance
LYB LyondellBasell Industries	$5,349,244		0.0%	52,300	6.0%	Basic Materials
MT ArcelorMittal	$4,307,693		0.0%	156,189	4.9%	Basic Materials
MGY Magnolia Oil & Gas	$3,957,453	$603,493 ▲	18.0%	152,503	4.5%	Oils/Energy
AA Alcoa	$3,886,593	$489,313 ▼	-11.2%	115,022	4.4%	Industrial Products
ARCB ArcBest	$3,762,428	$1,097,678 ▼	-22.6%	26,403	4.2%	Transportation
AR Antero Resources	$3,697,993	$532,643 ▼	-12.6%	127,517	4.2%	Oils/Energy
SYF Synchrony Financial	$3,466,762		0.0%	80,398	3.9%	Finance
EQT EQT	$3,343,269	$488,323 ▲	17.1%	90,188	3.8%	Oils/Energy
VAL Valaris	$3,271,101	$1,016,687 ▼	-23.7%	43,464	3.7%	Oils/Energy
DVN Devon Energy	$3,264,962	$826,515 ▼	-20.2%	65,065	3.7%	Oils/Energy
APA APA	$3,166,536	$498,819 ▼	-13.6%	92,104	3.6%	Oils/Energy
CNQ Canadian Natural Resources	$3,154,000		0.0%	41,326	3.6%	Oils/Energy
NOV NOV	$3,131,047	$453,469 ▼	-12.7%	160,402	3.5%	Business Services
LEA Lear	$3,000,899		0.0%	20,713	3.4%	Auto/Tires/Trucks
ADNT Adient	$2,764,259	$432,569 ▼	-13.5%	83,969	3.1%	Auto/Tires/Trucks
CC Chemours	$2,695,353		0.0%	102,641	3.0%	Basic Materials
NBR Nabors Industries	$2,616,113		0.0%	30,374	2.9%	Oils/Energy
RRC Range Resources	$2,523,134		0.0%	73,283	2.8%	Oils/Energy
DAN Dana	$2,439,657	$541,477 ▲	28.5%	192,099	2.7%	Auto/Tires/Trucks
NWL Newell Brands	$1,147,463	$250,375 ▲	27.9%	142,897	1.3%	Consumer Staples
NTGR NETGEAR	$259,890	$259,890 ▲	New Holding	16,480	0.3%	Computer and Technology
HLNE Hamilton Lane	$58,000	$58,000 ▲	New Holding	10,000	0.1%	Finance
SOXX iShares Semiconductor ETF	$18,900	$18,900 ▲	New Holding	12,000	0.0%	ETF
COP ConocoPhillips	$0	$3,393,074 ▼	-100.0%	0	0.0%	Oils/Energy